BLS International Services is planning to invest Rs 2,000 crore over the next three years in the domestic and international markets, its Joint MD Shikhar Aggarwal has said. BLS International Services provides numerous tech-enabled services to governments and individuals in various geographies. "We have plans to invest over Rs 2,000 crore in domestic and global [...]
A Kotak Mahindra Bank arm on Tuesday announced a Rs 450 crore investment in automobile components company Viney Corporation and its promoter Brijesh Aggarwal. As part of the deal, Kotak Strategic Situations India Fund II, which is managed by Kotak Investment Advisors, has helped Aggarwal acquire a majority stake in the company, clean up the [...]
Electronic manufacturing services firm Cyient DLM Ltd announced that it has mobilised Rs 260 crore from anchor investors. The company has allocated 97.98 lakh equity shares to 20 funds at an average price of Rs 265, according to a BSE circular. Amansa Holdings, Societe Generale, BNP Paribas, Catamaran Ekam are among the anchor investors. In [...]
The merger of housing finance major HDFC with the country's largest private lender HDFC Bank will be effective from July 1, HDFC Chairman Deepak Parekh said on Tuesday. The boards of HDFC and the private bank will meet on June 30 post to clear and approve the merger, Parekh told reporters here. The merger of [...]
Amara Raja Infra Pvt Ltd (ARIPL), part of the USD 1.75 billion Amara Raja Group, has accomplished a significant achievement by securing a new solar project worth USD 130 million in Bangladesh. A press release from Amara Raja said the venture serves as ARIPL’s entry into the international solar market, marking a new milestone for [...]
IT major Infosys has bagged a digital transformation deal from Denmark-based Danske Bank estimated to be around USD 454 million for five years, the company said on Monday. As part of the strategic collaboration with Danske Bank, Infosys will acquire Danske Bank's IT centre in India, which employs 1400 digitally skilled professionals "Danske Bank, a [...]
City Union Bank on Monday said it will raise Rs 500 crore through the Qualified Institutional Placement (QIP) route to fund business growth. The board of directors at a meeting approved raising of further capital through the QIP route to the tune of Rs 500 crore, City Union Bank said in a regulatory filing. The [...]
Adani Power Ltd (APL) has started exporting power to Bangladesh from its 1,600 MW ultra-supercritical power project in Jharkhand. In a regulator filing on Monday, the company said Unit 2 of 800 MW capacity of its 2x800 MW ultra-supercritical power project of its wholly-owned subsidiary Adani Power (Jharkhand) Ltd (APJL) has achieved commercial operations at [...]
IT company L&T Technology Services on Monday said it has partnered with state-owned Bharat Sanchar Nigam Limited (BSNL) for the deployment of private 5G network for enterprise customers. According to the agreement framework signed by both companies, the spectrum will be provided by BSNL using both PLMN (public land mobile network) and isolated allotment. L&T [...]
Axis Bank on Monday said it will continue to grow 4-6 per cent faster than the industry in the medium to long term, helped by focus on rural and semi-urban markets, improving digital infrastructure and Citibank India retail business. Fiscal year 2023 was a breakout year for digital banking platform Axis 2.0 and the early [...]
